Ann: Baker Young Updated Research Report, page-77

I want to know where BY got their figures from for the Artisanal mining. Do BY really think the artisanal’s will only manage to find 52,000 cts of low quality rubies per quarter if MUS pays above the illegal trader price? As soon as they do this every high quality ruby found outside of GEM’s production will end up being “found" by MUS’s teams.

One thing I would like to see from MUS is an announcement of how the profit from cutting will be accounted for. Is it going to be shared with the the other partners or is it going to be owned 100% by MUS. I think a very good case can be made to that the profits from cutting and marketing should flow 100% to the MUS shareholders.